COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2005

Apr 5, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2001-02-07

Reporting Person: RAUSCHER ROBERT (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2001-02-07	Common Stock	F	612	$42.5625	Disposed	1307	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3969	Indirect

Footnotes

F1: The transaction noted was previously unreported. The holdings reported represent balances at February 7, 2001. Subsequent to this transaction, the Company awared 5% stock dividends in the 4th quarters of 2001, 2002, 2003 and 2004. Mr. Rauscher held 7,600 shares directly and 5,420 indirectly at April 5, 2005.